Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-08-06
stanford Accedes to tie Pa
p.;lroad Commissions de-
maud for an Inspection
OF the Books.
,.h;octed to a Rigid Examina.
~ n the Accounts Of the
Western and Central Pa
cifc Roads.
,..,rds the Land Grant to the
Pacific a Violation Of
the Contract With the
Central.

r,,yc,sco, August 2.-The exam
NJ Senator Stanford was
b'fOu before the Pacific Railroad
rs'n ';ssiou to-day. He insisted that the
C0pu Pacific Company, in receiving
s'''a y, aid from the Government, occu.
F'sp. . ,osition of an Independent con.
20 marty, and a not acting as
r'tI y. its judiciary capacity. as he
plD 'n,d, inferred the Commissioners be.
~ from remarks made by them. He
s"' rst of the Of the Central
psr..terp Pacific Companies, with the
.on of those originally contributed
,he promoters OF the en-
M to December 81,
These resources. Stanford
~,mounted to SAG, Oo2. 900. and Of
naomnt only Sal, 4S5, 900 was realized
.Me first mortgage bonds and Govern.
,, houds. The cost OF building the road
o. o.a.n was s47, $3.50, 600. or $4,000 per
vsu' The witness said that Engineer
r, oi,imated that the road would cost
% noo nor mile, and other engineers
E%oSt Il fcould not be built for less than
a loa non nor mile. He thought no board
siVV,EOa : would put a ] lower estimate on
D Fps.a' y, coustruction-tbat $55 $500 per
fs coau unreasonable. Stanford argued
THAT If GOVERNMENT AID
A., nroduct OF the first mortgage
bands had alone been sufficient to build
10 road, it would have cost about S4S,-
va ner mile, and that even ii the Central
,,sc Company was compelled to account
|. H. eypenditures to the Government
rould show that the aid granted was
.,scieut to build the road, and upon
e.has;s the Government should make
|; the deficiency. He stated that the
,pceiyed from the counties OF Yolo.
f@a, Solona, San Mateo. Los Angeles,
IN JOAQUIN and others, amounting to
sa5 600, did not concern the Central
',i6c, In some cases the money author
a nndsr acts of the Legislature by the
Lrrtips refer red to was never raised, and
Lsou II was, it went to roads other than
hon Central Pacific. Perhaps some OF the
rsds 90 built we're now leased by
r. Central Pacific. However, Commits
amer Anderson said to the witness: Sen
N, the belief is prevalent, whether just
not is i,nmsterial, that the inability OF
heCeutral Pacific to pay its indebtedness
the Government arises fr,m the fact
hat it's resources have been expended
trough contracts let, and work done by
Ontract, and the finance OF the Western
svelopment and Pacific Improvement
nmpanies." To this Stanford replied
hat
o MONEY BELONGING TO THE CENTRAL
PACIFIC
las been diverted to any other corpora
ion, Anderson asked if the books OF the
Corporations which had dealings with the
Central Pacific we're open for insnection.
ZStandford replied: II am ready to use my
Influence to have the commission examine
|apy books we have as to the Central Pa
|cfc Railroad, but we have very active riv-
hs and competitors and we have relations
nth many individuals. There accounts
Edo not wish to lay before the public"
~hderson: DO l understand that this
fer included the inspection of the books
|dthe Western Development and the Pa
Efc Improvement and the various
|otber companies which have dealings
|ih the Central Pacifc?" Stanford: $50
az those books relate to the affairs OF
The Central Pacific, we have no objection
their being opened to your Inspection
Pattison remarked that II pri-
inquiry at the Office OF the railroad
was contemplated. he should put
D an objection at once. He would not
onsent, as an officer OF the Government,
D any star-chamber proceeding. 1t b
could not I~nkrpublicly inspected ne
not inspect th6m at all.
SENATOR STANFORD SAID
10 company did not ask for any star
amber inquiry, it merely desired that
ch matters as we're not p%ertinentto objects
the commission be not given to the pub
or made a point of the record. Ander-
n asked that the proposition OF the Cen
n Pacific lawyers in regard to the inspec'
Of books be put in writing, and this
Il afterwards done. During the progress
the foregoing proceedings a petition q
en- presented to the United States Circuit
urt by the commission, asking that F. s.
uty, Secretary and Treasurer OF the
Development Company and other
nlar corporations. be compelled to pro-
c. the books OF those companies Tor the
,pection of the commission, and Judge
vyer set the matter for hearing to.mor'
v morning.
A PROPOSITION TO THE COMMISSION.
At this afternoons session the following
oposition was presented by the counsel
the Central Pacific: We will submit to
commission the books OF the company
KID for from Douty, as we'll as any other
iience at our command, reservlng tne
int to assert our legal rights to
same whenever in onriudgment.theCom
seeks to examine any matters ap
ar DC therein not pertinent to a proper
full and complete examination by the
)mmission of all matters with the lnvestl
ltion Of which they are properly charged
the act of Congress. The Commission
,ok the proposition under advisement.
pEcIrEs TO ACCEPT.
The Commission decides to accept IN
opposition with the understanding tina
he papers entered in the United State
curt shall stand over without prejudice
18th the right to either side to call tn
up for argument before the Judge :
he District or Circuit Court on n DAY
office, and that the Commission should o
liberty to depute any OF their acco9n
lnts to examine the accounts in questloi
to take any extracts from them Una
he Commission should desire, VIII u
that the companies snoul
the books before the COMMISSION
rs when required for their inspection.
SENATOR STANFORD.
continuing his personal testimony. stace
lie regarded the land grant to the Nortne'
as a violation toward the Centr
He also stated that il the 10
would give the Central Pacll
it's dues and release all orahcL !,
which had been added to the ROAD, ne I
lieved the company would willingly 'u
the road over to the Government.
Auotments OF Land to Indians.
WASHINGTON, August 2.-The Indian
fee. with the annroval of the Secretary